LLR said it partnered with health insurer Wellpoint for the deal

By

Michael Wursthorn

July 26, 2012 6:25 p.m. GMT

A group of investors, including LLR Partners, has acquired Physicians Immediate Care, an urgent care clinic chain that operates mostly in the Chicago area, as the investment group looks to capitalize on a highly fragmented industry that is anticipated to grow further in the wake of the health-care reform law.

LLR said it partnered with health insurer Wellpoint and Stanley Blaylock, a chief executive of a former LLR portfolio company who will now take the reins of this business, to buy Physicians in an all-equity deal valued...